Azerbaijan and the United States signalled closer economic ties on Monday (9 February) as President Ilham Aliyev hosted a delegation from the U.S. Chamber of Commerce, highlighting the country’s investment appeal and growing interest from American companies.
During the meeting, President Aliyev underscored Azerbaijan’s commitment to trust-based partnerships and long-term economic cooperation.
“But I have always said that Azerbaijan will never be an area of confrontation; it will be an area of cooperation,” Aliyev said.
He stressed that the country’s expanding network of strategic partnerships reflects its balanced foreign policy and openness to cooperation with a wide range of international partners.
Aliyev highlighted Azerbaijan’s favourable business environment and its role in Europe’s energy security, noting that the country has attracted around $350 billion in investment over the past two decades.
“In general, the business climate in the country is very positive. We have attracted huge investments,” he said, adding that Azerbaijan has remained consistently open to foreign investment.
He pointed to long-standing production sharing agreements signed three decades ago, noting:
“Not a single word has been changed.”
The president said maintaining trust with investors has been central to Azerbaijan’s economic strategy, warning that “only one wrong step can ruin that trust.”
The Azerbaijani president said relations with Washington are entering “a new, absolutely fantastic era,” expressing enthusiasm about expanding direct engagement between U.S. and Azerbaijani companies.
“We are very enthusiastic and we want to use this great opportunity to establish direct contact between the companies,” Aliyev said.
He noted that the presence of both long-standing partners and new companies in the delegation creates opportunities to deepen existing cooperation and attract fresh investment.
Khush Choksy, Senior Vice President at the U.S. Chamber of Commerce, said Azerbaijan’s economy is highly attractive to American businesses, citing strong interest across multiple sectors.
Choksy noted that a large group of U.S. companies arrived in Azerbaijan as part of the delegation he led: "Here we have companies representing sectors from energy to telecommunications."
He emphasised that the delegation includes more than 31 companies represented by more than 60 delegates, covering nearly all areas of the economy.
Choksy said deeper engagement between the two countries should be mutual and extend beyond individual visits.
“Engagement should be reciprocal. For example, we would be happy to meet with Azerbaijani President Ilham Aliyev in the United States and host ministers during their visits to Washington or New York to meet with representatives of American companies".
Missiles and drones targeting Kuwait are turning the northern Gulf into a new frontline in the U.S.-Iran conflict, with Kuwaiti forces reporting re...
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citi...
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sale...
Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August and 2 September.
The European Union's foreign policy chief Kaia Kallas says the bloc will tighten enforcement of sanctions against Russia over its war in Ukraine. EU foreign ministers were meeting in Ireland following renewed Russian strikes on cities across Ukraine.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
For centuries, Lahore has been shaped by the people, cultures and empires that passed through it. Now, the Pakistani city is preparing to put that rich history before a wider regional audience.
Missiles and drones targeting Kuwait are turning the northern Gulf into a new frontline in the U.S.-Iran conflict, with Kuwaiti forces reporting repeated interceptions of Iranian attacks, including strikes aimed at sites linked to the U.S. military.
Two people have been rescued alive from a tunnel in Nepal, nine days after catastrophic floods devastated the country, as rescuers continue searching for survivors.
U.S. President Donald Trump has shared an article by his special envoy Steve Witkoff, marking one year since Azerbaijan and Armenia signed a joint declaration aimed at advancing a peace agreement between the two countries.
Black Sea Petroleum (BSP), the company behind Georgia's Kulevi plant on the Black Sea coast, has announced that as of 23 August, the refinery is processing exclusively non-Russian oil.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment